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  • Bono Says He is Not a Billionaire Despite Facebook IPO

    Mon, 21 May 2012 11:34:53

    Bono Says He is Not a Billionaire Despite Facebook IPO - He refutes the claims

    Bono Photos

    • Bono - CUPERTINO, CA - SEPTEMBER 09: Apple CEO Tim Cook (L) greets the crowd with U2 singer Bono (R) as The Edge looks on during an Apple special event at the Flint Center for the Performing Arts on September 9, 2014 in Cupertino, California. Apple unveiled the Apple Watch wearable tech and two new iPhones, the iPhone 6 and iPhone 6 Plus.
    • Bono - CUPERTINO, CA - SEPTEMBER 09: Apple CEO Tim Cook (L) greets the crowd with U2 singer Bono (2nd R) as The Edge (2nd L) and Larry Mullen Jr look on during an Apple special event at the Flint Center for the Performing Arts on September 9, 2014 in Cupertino, California. Apple unveiled the Apple Watch wearable tech and two new iPhones, the iPhone 6 and iPhone 6 Plus.
    • Bono - CUPERTINO, CA - SEPTEMBER 09: Apple CEO Tim Cook (L) announces the free download of the new U2 album on iTunes as members of U2 The Edge (2nd L), Larry Mullen Jr (C), Adam Clayton (2nd R) and Bono as and look on during an Apple special event at the Flint Center for the Performing Arts on September 9, 2014 in Cupertino, California. Apple unveiled the Apple Watch wearable tech and two new iPhones, the iPhone 6 and iPhone 6 Plus.

    more bono photos »

    Bono Videos

    • Reeve Carney - Rise Above 1 ft. Bono, The Edge
    • Reeve Carney - Rise Above 1 (Live on American Idol)

    more bono videos »

    U2 singer Bono owns shares in Facebook, and with the company's IPO last week, rumors quickly swirled that he became a billionaire. Not so fast. Bono himself refuted the claims that he is now the richest musician in the world, cruising past Paul McCartney, who holds that "title."

    Bono owns 2.3 per cent of the shares in Facebook through his private equity firm, Elevation Partners, which they purchased for a cool $90 million in 2009.

    The Irish superstar denies his share in the social media company is worth over $1.5 billion, telling MNSBC: "Contrary to reports, I'm not a billionaire or going to be richer than any Beatle and not just in the sense of money, by the way, The Beatles are untouchable. Those billionaire reports are a joke."

    Still, his wallet has got to be fat after the Facebook IPO. Just sayin'.

    Do you know anyone who isn't on Facebook in 2012?

    —Maggie Pannacione
    05.21.12



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    Tags: Bono, U2, Paul McCartney, The Beatles

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